New Establishment Watch: Goldman CEO Lloyd Blankfein at the Oscars

The New York Postreports spotting Lloyd Blankfein at an Oscars pre-party:

It isn't just movie moguls who hit the Oscars. On the Money ran into Goldman Sachs boss Lloyd Blankfein, who was enjoying the festivities with his wife, Laura.

Blankfein was hitting the party circuit, joining the Weinstein Co. pre-Oscar party at the Soho House.

This, I submit, is illustrative of something new about Wall Street.

It's not fame that is new. We've always had famous bankers. J.P. Morgan. David Rockefeller. The Rothschilds.

What is new is that the top men of Wall Street increasingly are part of the broader celebrity culture. They have gone from being the Old Establishment to being what Vanity Fair likes to call The New Establishment.

And this is new. I wouldn't be surprised if this is the first time a sitting CEO of Goldman Sachs has ever even seriously thought about attending an Oscars party, much less actually attended one.